IT companies have signed partnerships with the Saudi government to gain access to the country

Dibbyyan Nath
1 Min Read

A $9 billion investment contract was signed by Saudi Arabian companies on the first day of LEAP23, which started in Riyadh on Feb. 6.

Microsoft is investing $2.1 billion in a superscalar global cloud, Abdullah Alswaha of Communication and Information Technology said in a conference. On the other hand, Oracle also announced it would build a new cloud region in Riyadh for $1.5 billion. To put it another way, Saudi Arabia will benefit from these investments by becoming an even more dominant player in the digital marketplace across the entire Middle East and North Africa

At the conference, Meta made a number of important announcements which includes the establishment of the first Metaverse Academy in the Middle East and North Africa (MENA), with its headquarters in Saudi Arabia. The release of Beem was also announced, this time by STC and MENA Communication. It’s a brand-new business programme with IM, HD voice/video calling, and other useful functions. Additionally, 4.5 billion dollars were invested at the forum across multiple sectors worldwide.

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Dibbyyan Nath is a well-known entrepreneur, philanthropist, and the Chief Creative Officer of Inteliqo Research and Services. Mr. Nath, over the past two decades, has donned a lot of hats, while writing has remained his first love. Now he aims to express his experiences, as the head of a digital marketing, content creating, and website development company, through his love for writing. To keep up with the young entrepreneur and his thoughts
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